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November 1, 2010
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The concept of sustainable development arose after the 1974 United Nations adoption of a Declaration for the establishment of a "New International Economic Order" . The document was written by developing countries and called for: • The regulation of multi-national Corporations • Authority to nationalize foreign property • Authority to establish commodity monopolies • The transfer of technology and technical assistance The document showed clearly that the delegates to the U.N. General Assembly accepted the idea that governments should virtually control the economy. That equity was the primary objective. This document was
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